Potash Corp. of Saskatchewan (NYSE:POT) shares saw an uptick in trading volume on Friday . 17,292,569 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 11,001,761 shares.The stock last traded at $15.44 and had previously closed at $15.91.

Several research firms have weighed in on POT. Vertical Research lowered shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Vetr upgraded shares of Potash Corp. of Saskatchewan from a “sell” rating to a “hold” rating and set a $16.08 target price on the stock in a report on Tuesday, May 24th. CIBC lowered shares of Potash Corp. of Saskatchewan from a “sector outperform” rating to a “sector perform” rating in a report on Monday, April 4th. Stifel Nicolaus lowered shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Finally, HSBC lowered shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating and upped their price objective for the stock from $14.64 to $16.75 in a report on Monday, April 11th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.09.

The firm has a market capitalization of $13.10 billion and a PE ratio of 19.26. The firm has a 50 day moving average price of $16.64 and a 200 day moving average price of $16.78.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.18 billion. The company’s revenue for the quarter was down 39.2% on a year-over-year basis. On average, equities analysts forecast that Potash Corp. of Saskatchewan will post $0.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 2nd. Stockholders of record on Tuesday, July 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.41%.

Other hedge funds recently modified their holdings of the company. Atlantic Trust Group LLC raised its stake in shares of Potash Corp. of Saskatchewan by 9.0% in the fourth quarter. Atlantic Trust Group LLC now owns 70,950 shares of the fertilizer maker’s stock worth $1,214,000 after buying an additional 5,880 shares during the period. BOKF NA raised its stake in Potash Corp. of Saskatchewan by 2.8% in the fourth quarter. BOKF NA now owns 71,347 shares of the fertilizer maker’s stock valued at $1,221,000 after buying an additional 1,926 shares during the last quarter. Birch Hill Investment Advisors LLC raised its stake in Potash Corp. of Saskatchewan by 21.4% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 172,075 shares of the fertilizer maker’s stock valued at $2,946,000 after buying an additional 30,300 shares during the last quarter. Trexquant Investment LP raised its stake in Potash Corp. of Saskatchewan by 698.2% in the fourth quarter. Trexquant Investment LP now owns 216,300 shares of the fertilizer maker’s stock valued at $3,703,000 after buying an additional 189,200 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its stake in Potash Corp. of Saskatchewan by 11.3% in the fourth quarter. Morningstar Investment Services LLC now owns 247,424 shares of the fertilizer maker’s stock valued at $4,236,000 after buying an additional 25,140 shares during the last quarter.

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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